Unfortunately each one is worth 25k. thank you  traditional lenders are not going to finance these properties.

The $40 000 USD price tag was not worth what we were given. 

The great part about contacting the CDC directly (and a large one such as TMC) is they can make referrals to banks that would be interested in your project (i.e. banks that have been actively doing SBA hotel loans)...rather than you having to chase down the bank first, which can be very difficult.Regular commercial lending requirements are applicable (will vary by bank):1 - no bankruptcies2 - no foreclosures3 - FICO > 7004 - net worth >= loan amount5 - post closing liquidity >= 12 months of P&IIf this works out, you are going to be glad that you made this post.

Not easy but well worth it

In my view, this trend is likely to persist and could be a strong demographic tailwind for a long-term investor like yourself.Specifically, Athens, AL—a city about 30 miles west of downtown Huntsville—was the #1 fastest-growing city in the state in 2023, so there’s a lot of growth, development, and opportunity in and around Huntsville proper.If you have the time, do some driving around.

We use Hiscox for our insurance with our business, not sure if it works for property but its worth a try. 

It is well worth if you get one deal ever 5K mailers.   

Of course there are nuances and you have to have appropriate lot sizes, but worth looking into.

I came across a program that convinced me that the program’s tools alone were worth the cost of joining.

Like @Ericka Parrott mentioned, Alabama as a whole is pretty landlord-friendly, and Huntsville (Madison County) features some of the lowest property taxes in the country (roughly ~0.44% of the property value annually), so you’re in a good spot.One thing I haven’t seen mentioned around here yet is the fact that areas outside Huntsville proper could really be worth looking into.Suburbs like Decatur and Athens (about 30 miles southwest of downtown Huntsville) and Meridianville (10 miles north of downtown) could benefit from the same demographic and economic tailwinds as the city of Huntsville itself—and yet homes there are about 20% to 30% cheaper than those within the city limits.Anyway, just wanted to put this on your radar to start.